We can clearly identify a five wave structure . No matter which degree wave it is , but after every five waves up there should be a three wave correction. On a lower degree the nature of fall suggests that the correction will be most likely a zig-zag correction. One should go short on current level or on any rise keeping SL of 3500 & look downside for the minimum target of 3000-2950.
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
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@TRADINGSUTRA @WAVESUTRA
Analyst & Co-Founder
www.tradingsutra.com
www.waveutra.com
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twitter.com/mansh_25
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@TRADINGSUTRA @WAVESUTRA